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bring in millions of dollars in tickets for cities and towns across the country. but now drivers are fighting back. filing a massive lawsuit claiming those stoplights don't give them a fair chance. >> if you're timing them too short, then it just becomes a revenue enhancement tool. >> we'll look at this program that cities love and drivers hate, on "cbs this morning." [ woman ] "the levian family have been masters of jewelry design for centuries." ♪ ♪ this levian collection is amazing. maybe it's time to start your own. [ female announcer ] kay jewelers presents today's levian collection... [ gasps ] featuring exclusive levian chocolate diamonds. from the levian family - where the latest in fashion meets fine jewelry. one more reason kay is the number-one jewelry store in america. it's... a work of art? ♪ every kiss begins with kay ♪ ♪ ♪ hungry for the best? it's eb. want to give your family the very best in taste, freshness and nutrition? it's eb. eggland's best. better taste. better nutrition. better eggs. it's eb. ♪ ♪ ♪ ♪ ♪ ♪ [ girl ] d
been down 30%. the outlook below the estimates. david: let's talk about citi unfortunately because they cut so many workers. their stocks taking off. nicole: leading the dow financials really well today. david: we will talk about all the financials coming up but let's take a look at the general indices with the bells ringing on wall street. we got kind of a split decision. you have to remember the negative on the nasdaq is primarily from one stock, apple getting killed pulling down the entire index. when you spent much of a divergence in what is happening on the nasdaq, there is something with one or two stocks in this case a lot of it has to do with what happened to apple and at the end of the day trading down 7%, a huge loss for apple. liz: apple has an 18% waning. if they continue their slide, looking ahead about 1% today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. david: nicole talk about bank of america. seeing a bump topping $10, the first time that's happened since july 2011. whether it is directly related to what happened
>>> american cities are growing, but their infrastructure isn't keeping pace. urban population increased by 12% between 2000 and 2010, four out of every five americans live in cities or suburbs. but look at the list of cities with the best infrastructure in the world. what's missing from this list? america. not a single american city makes the top ten. the highest by the way in america is atlanta at number 13. dallas at number 15. washington, d.c. at number 22. in the world. the richest country in the world doesn't make the top ten in terms of city infrastructure. this is from mercer by the way. the survey, it ranks cities based on electricity and water infrastructure. congestion, public transportation. and airport effectiveness. which is probably what got some of these american cities on to the list in the first place. americans shouldn't be surprised. china spends about 9% of its total economic output on infrastructure. europe spends about 5%. 50 years ago by the way, the u.s. spent about 5%. now we spend half as much at 2.4%. richard flores is a professor at the university of florida and a
years and a narrow casting example. but the new york city subway used to have posters written spanish advertising a gay, lesbn domestic violence hot line. that's how fine grained it get in new york new york city on the subway pushing welfare programs. it informs and pushes them. >> but getting back to the poverty program and they're pushing food stamps and welfare programs and they have a tendency to keep poor people poor. once you are on the dole it is hard tore get off. >> it is. incentives are wrong. they encourage people to stay on it. it is it a growth crisis. economic growth is easy and if we get the policies right, a lot of these people get off of it and i agree with victoria that we have a welfare industrial complex. and in order to keep these people on food stamps, we got to -- >> and creating a sense of depeppedency from fdr and bill clinton and senators . is is not just republicans and conservatives. >> that is it a valid. if you want to reform welfare to resolve the problems that you are raising. they are valid problems . we will not mix it up by condemning people who need
on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the
. exclusively at verizon. >>> urban population increased by 12% from 2000 to 2010. look at this list of cities with the best infrastructure in the world. what's missing from this list? america. not a single american city makes the top ten. the highest, by the way, in america is atlanta at number 13, dallas at number 15, washington, d.c., at number 22. in the world. the richest country in the world doesn't make the top ten in terms of sitting infrastructure. this is from mercer, by the way, the survey. it ranks cities based on electricity and water infrastructure, congestion, public transportation and airport effectiveness, which is probably what got some of these american cities onto the list in the first place. but americans shouldn't be surprised. china spends about 9% of its total economic output on infrastructure. europe spends about 5%. 50 years ago by the way the u.s. spent about 5%, but now we spend half as much at 2.4%. richard florida is a professor at nyu and the university of toronto as well as the senior editor at the atlantic. richard, u.s. cities have a problem. but i just sort o
economy is the former new york city mayor rudy giuliani. how are you? >> how are you, sean? good to see you. >> sean: i just like to learn from people that have done successful things, you took how many people off of welfare when you were mayor? >> 600,000. >> what was the deficit when you became mayor? >> $2.3 billion. >> sean: and the debt? >> staggering. >> 600,000 off welfare, and -- >> we did it by my taking a report that asked me to raise taxes and throw in the garbage. the report said you have to raise taxes across the board. said nothing about reducing spending. i said to myself -- i wasn't an economic expert then. i became one after being mayor of new york. i said this doesn't make sense. if i raise taxes now, i have to do it again in two years, then four years, because i'm losing the tax base. people will leave. i'll try something different. i'll try to lower taxes, lower spending. i can't lower taxes too much at the beginning, but just a little bit, lower spending. i lowered taxes -- actually i think sean i lowered taxes than all the mayors combined by about $3 billion. three
're watching "first look" on m s msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. >>> some stories making news this morning. "the new york times" reports that president obama considers withdrawing the last american troops in afghanistan, the afghan army is not makin
, a christmas surprise no one wished for. a tornado caught on video as it touched down right this city center. emergency management officials say the twister left lots of damage in its wake blowing out first and second floor windows at the mobile infirmary medical center and the roof at the high school. so far no injuries or death, but wit trees and power lines down tens of thousands are without electricity. one store sent customers scrambling for cover. >> one customer looked out the window and said there's actually a tornado coming. i looked out and you could see the sparks flying and debris flying around. i got everybody together, about seven customers. everybody huddle around we need to go to the back. >> i probably hurt my baby grabbing her and huddling for protection. there was no time. >> reporter: it was a massive storm system that stretched across the nation. earlier a tornado touched down in mcneil, mississippi and several people suffered minor injuries. in texas, one near crockett decide to livestock feed store and high winds toppled trees killing a driver trying to remove another
for right in this city center. it left lots of damage in its wa wake, blowing out first and second floor windows at the medical center and the roof at the high school. there are no deaths but tens of thousands are without electricity. it sent customers running for cover. >> he looked out the windows and said there is a tornado coming. i looked out, saw the debris flying around, got everybody and the customers an said, we need to run to the back and everybody huddle down. >> i probably hurt my baby grabbing her running for protection. there was no time. >> reporter: the twister was from a massive storm that stretched across the nation. earlier, a tornado touched down near mcneil, mississippi and sever people were hurt with minor injuries. and one destroyed a feed store and in texas, a driver was killed trying to remove another limb from the road and it caused a white christmas in the dallas area and in lubbock, texas looked like a winter wonderland. it could cause more problems later in the week as it moves east. birmingham, alabama. >> dillon will tell us where the storm is in a few minu
glk350 for $399 a month at your local mercedes-benz dealer. >> >> driving and eating, hey, the a city in south dakota fine people eating behin the wheel. >>charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculous. >> neil: this is one town that won't see cavuto passing through soon. thank you. ben, what do you think of it? >> cooking while driving. (laughter) and i thin setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, because just seemed like-- you can't use your cell phone in a lot of states now because it's huge distracting. >> and texting. >> so, maybe that's the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crumbsn your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm n
suspended in the area. one city reported a 1 meter tsunami. there was no initial reports of damage. taking a look at the video you can see it caused continuous shaking in some areas. buildings in tokyo were reportedly swaying for several minutes. this rattled nerves in a nation still recovering from the devastating earthquake in march 2011. miagi was one of the areas that suffered the worst destruction. that quake triggered fuel melt downs at the nuclear plant. 60 people died and cars, boats and homes were swept away . regarding this quake, tokyo electric power says there are no problems at any o of the nuclear plants. reporting live in the news room cate cauguiran cbs 5. >>> how about our weather, got the weekend you said that earlier. that is just a great word. weekend, don't you think. >> i've been looking forward to this one. last weekend was a rain out, so this weekend we're going to try to get things right and bring you sunshine. we are starting out with chilly temperatures and valley fog. watch out for that. visibility down to a quarter o of a mile in napa valley. overall we are goi
. >> financial analyst meredith whitney is having a huge change of heart on citi. remember this interview on citi. >> citi hasn't been investable in four years. >> what would you take for you to invest in citi? >> a new brain. >> she's got a new brain. >> why is she now bullish on the bank and a couple of others? she'll join us with exclusively her call yesterday on the financials. >> wizard of oz i guess will join us as well. house speaker boehner calling the president's bluff and agreeing to a tax hike on millionaires and billion airs. >> and when does senator rand paul think we'll get a deal? he'll join us coming up on the "closing bell." stay with us. more in a moment. >>> welcome back. we're now with banking analyst meredith whitney having a change of heart on some of the banks. yesterday she announced she's turning bullish on financials and upgraded bank of america, discover financial and citi to a buy. take a look at those stocks today, and they are moving on that call. meredith joins me now to talk about the industry and the entire group. thanks for joining us. >> so good to see you. >> w
an you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. citi price rewind. nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all living united. to ensure the acadic success of millions of kids in our communities. all the way to graduation day. but that won't happen without you. so take the pledge at unitedway.org. make a difference in the life of a child. suit up like your favorite nfl players, and become a volunteer reader, tutor or mentor with united way. ♪ lou: we have a national debt net of $16 trillion. we want to do a little something in that "chalk talk" tonight to bring some simple math home, primarily for the benefit of those we elected to represent us in washington d.c. and if cbo, a congressional budget office projections are right, that 16 will be a trillion dollars higher next y
, tobin, workers point out it's hard to live on $16,000 year in new york city, which is essentially what they're making. >> well, it's hard to live in new york city on 16,0 a month let me tell you. the bigger issue, this is a new york issue. if you look at the overall economy and overall states we're having stes move to right to work state. less unionization. and so, this is a new york centric prlem. you know, the issue of unions, this happens to be the most unionized labor force in the united states. so it sort of les it self-- they're doing themselves a disservice and if you look at the structure in europe where mcdonald's is very large, le mcdonald's hamburger is a dollar and a half more so that's really added labor costs. >> brenda: gary b, we're the not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas says that ions are going to these quote, unquote, highly skilled. i remember, i worked in a cardboard box f
and new england as well and in the big town of new york city. too shy ofg. 10 shy in maine . portions of the northern plains. there goes my ride . 50s in dixie land and portions of the gulf coast. i am glad you asked. next map shows you on thursday. almost 60 in kansasy city. temperatures in the cents in texas and gulf coast down through florida. 42 will be the high temperature here in new york city. smeeking of new york city. live on our plasa. we did this last year and they are back again. say hello to reverend rob shank with faith and action. we have a live nativity scene. >> you do. it is the same one that played out in front of the united states can supreme court. we are sending a powerful message to washington d.c. and doing it here in new york. >> steve: what are the thrings. >> how was the reception. >> it was very good. people streamed out of all of the federal buildings and we get idea that supreme court justices get a glimpse of we have stantial rights and that includes faith and freedom of speech and assembly. while this is the real reason for the season, we have to exerci
mercedes-benz dealer. me for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial criis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gins. the nasdaq weighed down by another ba day for apple and its investors. the dow up 81 points. s&p up four, the nasdaq fell leaven. just over 3 billion shares traded on the big board today. the dow up 1%, s&p slightly higher making three straight weeks of wins. the nasdaq down 1% for its first losing week of the past three.
for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> republicans still don't get it. they're still saying they lost the election because they had the wrong tone. they were atoal. okay. now i get it. dig army, one of the coke brother guys. >> we had a lot of candidates, quite frankly, that did dumb things out there. we had at least two candidates that should have won that, frankly, lost because they said some stupid things on the subject that their party's leader should have schooled them to stay away from in the first place. >> saying stupid nings. it's all about the message, not the policiepolicies. and we've heard it before. texas senator elect ted cruz said this quote. you want to
. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> in upstate new york, police are investigating the murder of two firefighters o
of this evening's talking points memo. as you may know, kansas city chiefs football player belcher murdered the girlfriend and mother of 3 month old daughter and then committed suicide in front of his coaches. doesn't get worse than belcher used a handgun to commit his crimes there are many aspects to this case. bob costas brought one of them into the arena last night. when he quoted a kansas city sports writer named jason whitlock who assigned some the blame for the horrible crime to gun possession. >> our current gun culture, whitlock wrote ensures that more and more domestic disputes will end in the ultimate tragedy and that more convenient store confrontations over loud music coming from darr will lead more teenage boys bloody and dead. they exacerbate our flaws tempt us to arguments and tempt us to confrontation rather than avoiding it. >> even if you believe what costas and whitlock are putting out there, what's the solution? the constitution gives americans the right to protect themselves,s that clear. many parts of the country people need hand guns in order to feel secure against cr
one of the best things that could happen to the state of michigan and maybe the city of detroit. if you are a car company and want to do business there because the unions are too strong and thes have to be so high and all of the jumping through hoops. maybe now you can. maybe the next car company will go do business there and bring jobs there. >> gretchen: remember back during the bailout, the unions got the good end of the deal in the bailout. it was privately held dealerships that got the rough deal. >> eric: stock holders and bond holders. >> steve: if you were holding gm stock it went to zero. >> gretchen: unions won in that deal. >> eric: uah w took billions up front. stock holders you know you might lose everything. when you buy a bond you are first in line and they wiped out the bond holders. >> gretchen: and for the state of indiana teachers infact. >> brian: gm bond holders got roll add out. capitalism rules and president obama changed going forward. >> steve: if you are a union member your union will go to bat for you and they went to bat at chrysler. do you remember w
that washington smends too much. another story that everyone is talking about. kansas city chief's player who murdered his girlfriend, shot her nine times and killed himself. brad underwood has more from kansas city. good morning, brad. >> good morning, it has been an emotional high and low in the last couple of days in kansas city. they are continuing to learn more about the events leading up with the incident with javon and his girlfriend casandra perkins and what will happen to zoe. javon's mother the raise the three month old in long island. funeral arrangements haven't been made for casandra or javon. the first thing out of the head coach's mouth. thoughts and prayers going out to both families. javon a starter of the kansas city chiefs and his girlfriend was active in the organization as well and finding out more about the head injuries. stemming from a argument that happened friday night as casandra came home late from a concert. he shot her four times and then came here and took his life . continuing what will happen in the next coming days. they have not made funeral arrangements for
. >> reporter: good morning, here in st. joseph missouri, north of kansas city know drifts are really starting to form from all of the snow and strong winds that are blowing through the midwest and we now know these conditions are causing interstates to close. the fierce storm sweeping across the nation's mid section is unleashing everything from snow to lightning and thunder. >> yeah! >> reporter: it's expected to impact at least 16 states a wintry end to a mild december. >> we need the moisture. i'll take all the snow we can get right now. >> reporter: and it looks like they'll get it. in nebraska forecasters are calling for several inches of snow while parts of iowa and wisconsin could be buried in more than a foot. residents are trying to get an early jump on the sidewalks. >> three inches on the ground snow blowers, it's heavy and wet. >> reporter: tens of thousands in iowa are already without power. on the roadways, the mix of snow and whipping wind is making for dangerous driving conditions. the storm isn't sparing aire inginge inging air travelers either.
. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stock
a major snow event for the northeast i-95 cities. so we should be doing okay there. but still, nonetheless, snowy travel for many across the appalachians and northern new england. going back to wednesday, d.c., certainly impacted. pittsburgh, on back into cleveland, all these airports where we expect the snow, there will be severe weather in raleigh down to the south of this. but it's all go up to the north because the storm hasn't gotten into the thick of it yet. thursday, up into new england goes the meat of the storm. but backlash snow and wind. and on friday, we got the all go as we are now in a break between storms. but a break is the keyword there. but here comes the trough of low pressure sliding off to the great lakes and the rocky mountains. and that means a new storm will develop and impact these areas into saturday. a lot of people potentially heading back this weekend. more rain and snow. right now, it's too early to call from new york up to boston. rain or snow. but right now, d.c. looks like they're right on that rain/snow line. this one could be much more impactful for the n
®. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! could've had a v8. tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >> sean: welcome ban to hannity. one may think that drinking alcohol and smoking marijuana on the job may be reason enough to get fired. that's not the case when it comes to, surprise, surprise, so
's blowing across the country, hitting big cities and stranding travelers just before christmas. it's friday, december 21st. >> from abc news, this is "world news now." >> good friday morning. i'm sunny hostin in for paula faris. >> no end of the world just yet. >> not yet. >> we're rocking steady up here. it is friday, everybody. 12-21-21. good morning, i'm rob nelson. that storm is blasting a big area from chicago to boston this morning. the latest is coming up in a second. from accuweather the story of the week, in connecticut, that tragedy. and one week after the massacre, how the nation will pause today and remember the victims as the debate over gun violence continues to intensify around the country. another somber occasion in what's been an extraordinarily somber week. >> for me it doesn't even feel like a week. >> no. and you can imagine in newtown, it doesn't feel anything like christmas should feel. just horribly sad. we'll bring you the latest coming up in a second. >>> also this morning, the people who are insisting that the end of the world is happening today, all this talk abou
a wide funnel cloud is filmed barreling across the city. lightning flashing inside, like giant christmas ornaments. they were spawned from a snowstorm from all the way in california. triggering these explosions. the midtown area of mobile fully blacked out. lit only by the lights of police cruisers. across the region, over 250,000 people without power. >> we've had some moderate to minor injuries. to this point, there's been no deaths reported. judging by some of the damage we witnessed today, it's a miracle. >> reporter: dazed residents pick through the debris, as rescuers check for people still trapped in the rubble. the winds mana s mangling the antebellum homes here. and it's not over yet, sam. a high wind warning is in effect. we talked about the breadth of the damage coming through last night. the only lights for miles around were those of police flashers. the power crews that were out last night are still working trying to get power back to the hospital. they haven't even begun to clear main roads in downtown mobile. and all of this weather is punching through to georgia, the caro
stretching from oklahoma city into the great lakes area. keep in mind travel is going to be treacherous. we're look at the snowfall totals, and it's going to be a white christmas from little rock into st. louis. as you get through christmas night and wednesday, up in indianapolis and cleveland. some areas with half a foot of snow, some other areas just enough to make it a white christmas. as it moves into the northeast, we're talking about wind and rain. will have more until a little bit. natalie. >> thank you very much. what's it look like on the roads and airports for you. gabe gutierrez is at atlanta's hartsfield-jackson international airport. good morning. >> reporter: good morning. a soggy start here in atlanta. there's been some rain moving through the area, and no major delays reported here or any of the other major airports throughout the country so far, but that could change as that winter storm makes its way east. on sunday it dumped rain and delayed flights in san francisco. the relatively calm weekend elsewhere was a welcome relief for millions of air passengers after a blizzard
warning for the napa river. they're saying the areas of saint helena and napa city itself could see the level of water rise above the 16-foot safety mark, not entire leisure just where exactly it could burst its banks. but emergency crews on stand-by for that. of course, continued travel disruption. san francisco airport delays of up to 30 to 90 minutes. but after that heavy rain hits overnight and heavy winds as well, those delays could go on for a lot longer. major disruptions for the days ahead because it's not only about this third storm tomorrow, but monday we're expecting another weather front to come through. that will cause many more problems, rick. >> rick: we'll continue to track it. dominic, thanks. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framew
in the state of the california. vicki is right. government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is it a problem with pensions . they are underfunded and we need to do something about it and the big thing here dav, let's be fair and they are benefits that a promised to the employees and we nide to make them whole and they were promed in llieu of pay. >> mike, no one is talking about taking away what was promised. this was for new employees and going into the future. one of the things this will stop david is the way politicians get taxpayers to sign off on the pensions. only so much in salary and we are going to make up the difference and benefits with investment returns . they don't materialize you get situations like california. in california they are shutting down entire strites. >> i think everyb
into the kansas city chief's murder suicide. he said unnamed forces in america want guns in the black communities so that people of color could destroy each other. whitlock went on to call the nra, quote, the new kkk. that, of course, is insane. the only reason anybody ever heard about it is because bob costas mentioned whitlock in his gun commentary on nbc. so we called this whitlock guy and invited him on the factor. here's what he wrote, quote. i was summoned to testify before speaker of the big house, bill o'reilly, the fox news entertainer. i don't have to shuffle off to the big house when summoned. o'reilly is not boehner, pelosi, or obama. he's tv intertainer who spent the weeks after the election crying about the end of white establishment america. the end of the days when an upstanding white man felt entitled to summon whomever he wanted whenever he wanted to the big house to dance. i don't dance, unquote. now, that is pure racism. nothing else. whitlock implying that i'm some kind of slave overlord, and he gets away with that kind of garbage. in fact, he gets paid to spout. way beyond d
, that was from a detroit city council member. detroit runs out of money very soon, this is a call, publicly, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news po
to the all-new 47 combined mpg c-max hybrid. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> checking top stories. north korea says it may take a little longer to launch a controversial long range rocket. stayed media reports pyongyang has extended its launch window to december 29th because of technical problems with an engine. the u.s. and south korea are condemning the north's second launch attempt this year. an earlier one failed in april. the u.s. and south korea say the launch is a cover for ballistic missile testing. >>> barriers are going up outside the presidential palace in egypt as the nation moves closer to saturday's planned constitutional referendum. the palace
at 32 degrees and new york city 37 degrees. temperatures today not too, too warm. we should top out in the 40s later on this afternoon. bill? >> see, dylan, you're in trouble, because i actually know what you're doing and most anchors will sit here and daze off. next week, are we getting the snowstorm on the coast? >> you're going to let me handle that one, huh? i'm not buying into the whole snow situation yet, but we'll see. >> so, you said snow. you said snow next week. we heard it here. that's the translation. >> i believe her and not you. >> i guess we'll find out. >>> let's turn more to sports now. good morning and thank you, everyone. all right, to sports! i had my interest piqued. brooklyn beat the nets in the first meeting of the season. well, it's back on. this time once again in brooklyn. the nets travel over the brooklyn bridge into brooklyn for this one. carmelo anthony. gamed tied at 93. boom! go ahead by two. into the paint turn-around jumper. knicks have the lead. anthony had a season-high 45 points. now less than 30 seconds, jason kidd, he's shooting 50% on the year
.n., or something, 66 years ago today. they get the best parking in the city. they have that. and it's very nice real estate. bet you could put some fine condos up there. now you know the news for this wednesday, december 12, 2012. 12-12-12. very exciting. >> bill: "the o'reilly factor" is on. tonight violence breaks out in michigan over the state giving workers the option not to join unions. we'll show you how the networks covered this intense story. >> are you going to be able to raise taxes, yes or no? >> taxes are going to go up one with acor the other. >> bill: miss walters will be here and dennis miller will have some thoughts on the situation. >> we're young -- >> bill: anger growing over new tv program that mocks white people in west virginia. >> whatever happens happens. >> bill: caution, you are about to enter the no spin zone. "the factor" begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching. violence in michigan. that is the subject of this evening's talking points memo. last night i opined that hate speech is a vie lint act because it incites people to harm the targ
. in the city of alexandria, there have been more violent clashes between president morsei's opponents and his supporters. the president's opponents are demanding that he immediately gives up all of the sweeping new powers that he gave himself two weeks ago. they also want him to postpone a referendum on egypt's new constitution, due to take place in just over a week. critics say that constitution doesn't protect the rights of all egyptians. but president morsi didn't do either of those things last night. instead he offered to give up just one of his new powers, vaguely worded right to take all necessary measures to affect the country. he said he would give up the other powers once the referendum had taken place. also yesterday, president obama telephoned president morsi to express his deep concern over the violence and deaths that have occurred. he also urged president morsi to have a dialogue with the opposition without any preconditions. for "cbs this morning," holly williams, cairo. >>> in syria this morning, rebel troops declared the airport in damascus to be a fair target, warning civili
straight ahead. >>> the kansas city chiefs pull off a win the day after one of their own commits suicide. new details about his death, the murder of his girl friend and what happens their 3-month-old baby. >>> and an entire town is evacuated this morning. find out the unusual reason why in just two minutes. good morning. welcome to "early start" for a monday morning. >> yes. >> hard to get up on a monday, isn't it? >> it sure is. >> i'm alina cho. >> i'm zoraida sambolin. today is december 3rd. it is 5:00 a.m. in the east. the rain keeps coming in northern california. the third pacific storm unleashing floodwaters, knocking out power to thousands in san francisc francisco, sacramento and thousands of others. >> this thing just went up fast. real fast. we had previously had it gotten up high, but it hasn't gotten this bad. >> you live right here in the park? >> right there. >> right there. >> right there. i got my mom out. i took her down to a friend's house down the street. you never know with water like this what it will do. >> people are evacuating out of the park. people are trying to
tapes and the alleged murder/suicide involving kansas city chiefs play er javon belcher. >>> and there's no plan to keep us from going over the fiscal cliff. broken record, broken record. i'm christine romans in today for john berman. >> and i'm zoraida sambolin. >>> up first, president obama standing his ground over the fight in the fiscal cliff. americans face crushing tax hikes and severe spending cuts in 27 days if democrats and republicans cannot come together on a deal. by the way, congress breaks for the holidays in ten days. slash that number. in an interview with bloomberg news, the president made it crystal clear he's not about to blink on the issue of tax hikes for the wealthiest americans. >> we'll have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> white house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. the
people waited all night long, lines wrapped around entire city blocks. apple, of course, fourth of $700 per share. the stock is down 28%. certainly bear market territory after the stunning job. what does this matter? well, there is a trickle-down effect suppliers, look at all these guys. all taking a hit. the concern is that weak demand for the iphone or at least the perception of it. the perception of it. and the new ipad many cannibalizing sales of the regular size type at. a lot of you either on apple or the funds or indices that have that as part of it. so is apple writing? we decided to bring into top experts. senior technology analyst. and managing director and head of equity director. i can't believe value of the trading for. >> only for you. liz: thank you so much. all right. people not exactly tripping over themselves in china. you know they have been kugel the night for all apple products. what is going on? a massive meaningful shift? >> competition has arrived. you are seeing competitive lower priced products coming out of samsung, coming from amazon, google. you think about
with us, we'll show you the evidence. it's tt time o. time for citi price rewind. because your daughter really wants that pink castle thing. and y realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. yoknow we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. se on ground shipping at fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. ♪ lou: back with the a-team, and l
-qaeda in and around the cities, not the caves of pakistan, to get to bin laden. she was write about that. she was passed over for an internal position at the agency and sop of the folks liken it to mean girls because they suggest that there was a lot of widespread jealousy and resuspectsment. >> bill: was she actually the driving force to find bin laden? is that true? >> she was one of them for sure. she was an early believer in this method. >> bill: cameron, real quick, 15 seconds, they going to get a budget deal? >> tougher and tougher. today eric cantor, the majority leader of the republicans and the house, said we can stay through christmas. we can still 'til new year. that was sign that the republican leadership is backing up boehner who says there is no deal yet and the president is not moving yet. >> bill: okay. we'll bring it back next week. >> thank you. >> bill: i like the pocket hankie. we have a new poll question. do you believe "the factor"'s christmas controversy coverage is accurate or overblown? we'll give you the results on monday on that. plenty more ahead as "the factor" mo
. in fact, most of the city sand bagging stations aren't even open at this time. biggest threat of the storm will be the high winds. >> we do expect some winds to accompany the storm and so we will see increase in call volume and go to increase of power lines counsel increase in traffic sdonts. go to increase in trees that have fallen. >>reporter: about now if there is any flooding it will likely occur west of town later on this weekend. the emergency operation center is on standby but they don't expect to use i it. it will be wet. but the biggest threat will be the win wind. reporting live in santa rosa, abc 7 news. >>> thank you. the rain is expected to turn to snow at the higher elevations much to skier dlichlt there's already snow on the ground on highway 2 67 at lake tahoe. ski resorts in the sierra expected to get between 10 to 20 inches of snow over the next three days. >> well good news for the ski resorts but the weather here expected to cause big delay at san francisco international airport tomorrow. friday is the heaviest traffic day of the holidays. there are also huge st
leading to major airport delays in cities like cleveland, detroit, st. louis and chicago's o'hare. where santa arrived early today, hoping to give travelers big and small the gift of patience. >> ho, ho, ho! >> thank you, merry christmas! >> merry christmas! >> reporter: and tonight here at o'hare, things are moving smoothly for the last minute travelers trying to make it home on time for christmas. the big question remains, what will they face on the way back? dan? >> alex, thank you. >>> joining me now, meteorologist lee goldberg of our new york city station, wabc. thanks for coming in. so, you've got actually three storms you're looking at right now. >> a real mine field for the next week or so. the first storm on the map is a weak storm coming up the coast right now. that's going to be rain for the coast. there could be some one to three-inch amounts along i-90, i-84 in the northeast. maybe a coating, outside of new york city for a white christmas. more likely the northwest suburbs. number two is the big problem. >> so, really big, this problem. and it starts down south. >> yes, we k
, really? and the debate on guns front and center. that murder-suicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. all right, everybody, monday morning, "varney & company" about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what haens, which isn't rocketcience. it's just common sense, from td ameritrade. well, having a ton olocations doesn't hurt. a santa to boot! [ chuckles ] rigight, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and waiting in line. i don't have to leave my desk and get upnd go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. stage for all
without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competiti
, that's the richest city in the country in one of the richest states. with fema behind them, they ought to have the resources to really get on top of this. >> they should have been prepared. >> they should have been better prepared and it should not have taken a month to get some of these people into shelter. >> pat, i have a question for you. we had the jersey shore 1992, your big speech. >> lanny loved it. >> people on the floor loved it. >> you helped us win the election, pat. >> now, we had on mtv jersey shore. now we've got a new show coming up called buck wild. >> right. >> i want to ask you through this prism of television, can we see if america is changing? watch this. >> west virginia is a place founded on freedom. for me and my friends, that means the freedom to do whatever the [bleep] we want. >> how disrespectful was that? i just got done eating about 14 hot wings. >> pat buchanan, is that evidence of the cultural change you warned about some years ago? >> well, it's been happening -- that's short of a triple x rated version of the beverly hillbillies is what it looks like.
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